How to Lease a Hybrid Vehicle for the Best Price

October 14, 2013

Before you do anything with regards to a lease hybrid vehicle, you need to do some homework and make sure you are prepared. Leasing a car can actually be quite complicated and even confusing at times. If you go into it understanding the process, it could save you a lot of money in the long run.

Materials Needed

Budget

Internet

Negotiation skills

Step 1 - Don't Assume You Can't Change the Price

One of the first things you should know about leasing a car is that no matter what you heard about the price not being negotiable when leasing, you can still haggle. The smartest thing you can do is to go in with a price already in your head. The dealer will work with you and to find a happy medium which the monthly payments will be calculated from. The lower you can get the dealer to go, the lower your payments are going to be when leasing hybrid vehicles.

Step 2 - Determine the Market Value of the Car

You should probably do a little research on the Internet with regards to the market value of the car you might be interested in. By finding out the market value for leasing hybrid cars, you will be able to get an idea of what you might expect to pay. However, that is not always written in stone. It is wise to print out the market value once you find the right one and take it with you when you go to lease a car. This is a good thing to have if the dealer is trying to lease the car for much higher than what it should be worth.

Step 3 - Know Your Spending Abilities

Determine what you can afford before you even start a lease. Think about what you want to pay monthly and as a whole, and then you can visit a dealer.

Step 4 - Find the Car

Check out the dealer's website to see the cars available. Sometimes they have special offers on cars there that won't be found on the lot. You should always call about a car you see to ensure they still have it. It may take a day or so to update the online inventory.

Step 5 - Stick to Your Guns

Once you have chosen the hybrid vehicle you are interested in, this is when the leasing and negotiating process starts. If you did your homework, you should be well prepared. You need to be very persistent with what you believe is a fair deal. If it appears the dealer simply is not going to be able to accommodate you, you need to be able to walk away and try elsewhere. Don't get trapped into a lease you simply do not want. By doing this, it may change the dealer's mind and they might go with what you were offering.

It is utterly important that before you sign anything, you read it all very carefully. You want to make sure there are no hidden costs that were not agreed upon before you got the paperwork. After that though, you should be driving off in your vehicle.